Live monitoring of the Descending Triangle setup on MMM. See where price is heading.
Bearish continuation pattern.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Traders are watching 3M (MMM) as price action tightens. Currently at $152.55, the asset is showing downward momentum (-0.16%). Algorithmically, a Rounding Bottom structure has completed. The trend indicator is reading 29.9/100, suggesting moderate momentum. A potential breakout level is identified at $161.79, targeting $184.24 with support near $150.56 (R:R 2.0).
What is your outlook on MMM?